How much is 1 million?

I'm curious, could you please explain to me the value of 1 million in simple terms? Is it a substantial amount, and how does it compare to other financial milestones, such as a thousand or a billion? Understanding the magnitude of 1 million is crucial in the world of finance and cryptocurrency, where numbers can quickly escalate. So, could you break it down for me in a way that's easy to grasp?